U vs USDT — reserve disclosures side by side
This page places U and USDT reserve disclosures side by side, each read from its issuer's own published attestation report and independently measured on-chain supply. Figures render verbatim at their stated scope and dates; scopes and dates can differ between issuers, so figures sit side by side without a ranking, verdict, or safety comparison.
This comparison places disclosed figures side by side, each at its issuer's stated scope and dates. Scopes differ — a consolidated group report and a per-token report are not the same measure — so nothing on this page ranks reserves, judges sufficiency, or states which token is safer.
U's latest report on this board is United Stables Limited's 2026-08 report, stating reserves as of 2026-08-31; USDT's is Tether's 2026-06 report, stating reserves as of 2026-06-30. Those two as-of dates are 62 days apart, so the two columns describe different days. The expected reporting cadence is monthly for U, as stated by the issuer, and quarterly for USDT, inferred from the reports observed. On those schedules the board expects U's next report by 2026-10-11 and USDT's by 2026-10-31.
01Coverage
Latest attested coverage
U — United Stables Limited
- coverage
- 1.007430× ISSUER_ATTESTED
- as of
- 2026-08-31 · report 2026-08
- source
3da9de584b0c…
Get this as JSON: /v1/board/tokens/U Current figures are free with no key. Client examples
USDT — Tether
- coverage
- Attested at consolidated group scope: the issuer's report states one redemption value across every token it issues, so no per-token coverage ratio is derived.
- as of
- —
- source
- —
Get this as JSON: /v1/board/tokens/USDT Current figures are free with no key. Client examples
02Attestation
Latest attestation
U — United Stables Limited
- report
- 2026-08 ISSUER_ATTESTED
- composition as of
- 2026-08-31
- source document
3da9de584b0c…
| kind | line (verbatim) | amount | unit |
|---|---|---|---|
TOTAL | Total Reserve Assets | 1,284,976,249.000000 | USD |
LIABILITY | Total $U in circulation | 1,275,499,208.000000 | TOKEN |
CATEGORY | Stablecoins | 418,354,080.000000 | USD |
CATEGORY | Cash and cash equivalents | 360,683,508.000000 | USD |
CATEGORY | Principal-protected yield product | 304,175,870.000000 | USD |
CATEGORY | Tokenised US treasuries | 201,762,791.000000 | USD |
POSITION | BNB Smart Chain | 971,298,608.000000 | TOKEN |
POSITION | Ethereum | 249,200,400.000000 | TOKEN |
POSITION | Tron | 55,000,200.000000 | TOKEN |
USDT — Tether
- report
- 2026-06 ISSUER_ATTESTED
- composition as of
- 2026-06-30
- source document
aa7322474c67…
| kind | line (verbatim) | amount | unit |
|---|---|---|---|
TOTAL | Total Assets (1+2+3+4+5+6+7) | 187,751,426,411.000000 | USD |
LIABILITY | US$ 183,622,105,630 relates to digital tokens issued | 183,622,105,630.000000 | USD |
CATEGORY | U.S. Treasury Bills | 114,960,963,604.000000 | USD |
CATEGORY | Precious Metals | 18,838,357,171.000000 | USD |
CATEGORY | Overnight Reverse Repurchase Agreements | 18,625,552,412.000000 | USD |
CATEGORY | Secured Loans | 13,453,749,726.000000 | USD |
CATEGORY | Term Reverse Repurchase Agreements | 6,993,428,950.000000 | USD |
CATEGORY | Bitcoin | 5,801,630,681.000000 | USD |
CATEGORY | Other Investments | 5,244,911,675.000000 | USD |
CATEGORY | Public Equities | 3,761,438,892.000000 | USD |
CATEGORY | Cash & Bank Deposits | 40,307,440.000000 | USD |
CATEGORY | Non-US Treasury Bills | 22,374,689.000000 | USD |
CATEGORY | Corporate Bonds | 8,711,171.000000 | USD |
Cite this · How to quote and cite
Data: ReserveBeat — https://reservebeat.com/compare/u-vs-usdt#coverage — figure as reported in United Stables Limited's attestation dated 2026-08-31.
Source report
Each coverage ratio divides two figures from the same issuer attestation at the same as-of date. On-chain measurements never enter a ratio — they are the independent cross-check of the liability side.
This issuer attests its reserves at consolidated group scope: one total redemption value across every token it issues, with no per-token itemization for this token. A ratio only ever divides figures the document itself states at the same as-of date, so no per-token coverage ratio or on-chain reconciliation is derived here; the reserve composition renders at its stated scope. Tracked tokens are subjects of public data: supply figures are read from their public Ethereum contracts, and composition figures from the issuers' own published attestation reports. No tracked issuer is a customer and none has endorsed this site.
Timestamps reflect the underlying data — when a figure was captured or a report was published — never when a page was built.
03Questions
Common questions
What does this comparison show?
The reserve disclosures each issuer has published, side by side: latest attested coverage and reserve composition, each rendered verbatim at its stated scope and dates. It is a view of what each issuer disclosed, not a judgment of either.
Which of the two tokens is safer?
This page does not say — deliberately. Disclosure scopes and dates differ between issuers, a coverage ratio is never a judgment of reserve sufficiency, and ReserveBeat states no opinion on any issuer's solvency. It shows what each issuer disclosed and how completely, nothing more.
Why does one side show no coverage ratio?
Either that issuer attests only at consolidated group scope — one report covering several tokens, which renders as stated rather than inventing a per-token ratio — or no attestation series is held yet. Absence renders plainly, never as an estimate.
Can the two sides be compared directly?
Only as disclosed: figures come from each issuer's own report at its own as-of dates and scope, so the two sides may not measure the same thing. Scope and dates render beside every figure so the difference stays visible rather than hidden.